U.S. Futures, Yields Slip After Powell, China Data: Markets Wrap

U.S. Futures, Yields Slip After Powell, China Data: Markets Wrap

(Bloomberg) -- Most U.S. stock-index futures fell, with Treasury yields sliding, as investors assessed a growth slowdown in China and Federal Reserve Chair Jerome Powell’s persistent dovishness despite a hawkish tilt across global central banks.

Contracts on the S&P 500 Index slid, while Nasdaq 100 Index futures posted modest gains. The 10-year U.S. rate dropped to 1.33% and the dollar weakened against haven currencies. Netflix Inc. jumped in premarket trading on plans to expand into video games. The British pound rose after a Bank of England policy maker said withdrawing stimulus may be appropriate soon.